Global airline stocks fall 4% in Sept
Worries over weak Europe, China economic data and Ebola cited; but shares still up 11% for first nine months
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AIRLINE share prices worldwide slid 4 per cent month-on-month in September, with Asian and North American airline counters suffering the biggest falls, as investors reacted to weak economic data out of Europe and China as well as concerns over the Ebola virus. But airline counters worldwide are still up 11 per cent for the nine months spanning January to September, according to the latest financial monitor by the International Air Transport Association (Iata).
The report highlighted that most regions generally reported a better 2Q14 financial performance vis-a-vis the same quarter last year, led by North American carriers.
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